Depending on how forward thinking your industry, trade association, or other group representing you and your business is, you might have the option to join into a industry-average EPD. For some, this is a home run, for others, it might hurt them. We discuss the pros and cons of an industry-average EPD, and who can be impacted by it.
When we’re working with clients on a program of sustainable practices for their businesses, we often get around to recommending they consider Environmental Product Declarations for their products. Sometimes the response we get in return is “we’re not going to get our own, we’re going to use the general industry-average created by X” (where X represents a trade group, manufacturers consortium, you name it).
Understanding what a general industry-average EPD is can be pretty important, because they are becoming more and more requested by customers and others, and you stand to either benefit or suffer from using one. The reasons why aren’t that hard to figure out, but can be pretty important to your business in the long run.